Cryptonauts we love you!! Hope Saint Patrick's day is going well!! Not that much going on here in Spanglish Miami. Makes us miss the bad old days of all the Irish bars in midtown on 3td ave before Bloomberg shut them down. Marching bagpipe bands coming IN to the bar, cops & firemen fighting, ah.....reading music then
What news in tradfi land?? The FT prints Circle dropping 3 billy in three days. 
TLDR: it's really funny, this pic is the ONLINE pic!! Check out the depressing, strange pic - oddly on a STOCK app???? with an ominous black thumb - THAT's added for the PRINT agitprop ah ha ha ha !!
TLDR: the FT made it all they way thru without saying "so-called" stablecoins!! We would like to say they will never say that again but they have proved us wrong SO often on stuff like that. Plus, the final dig - the FT manages to find the deputy of digital something at some college to say " the second largest stablecoin is not stable, which is ironic."
The REAL story: Dear readers know it's funny, Gary shot BUSD, while USDC chit the bed. USDC lost market share after self-censoring over T-cash, and REALLY broke the peg. Despicably, the FT prints a link to USDT supposedly breaking the peg, but USDT redeemed 15 billion without fail, the greatest bank run survivor story of ALL TIME!!! so there is only one thing to say: 
Let's not forget fiat war machine agitprop in SIZE. FRONT PAGE!!! LOOKIT that beauty!! war porn!! 
TLDR: how do ya know NATO provoked this war? Because all the politicians keep repeated it was UNprovoked, THAT's how!!
crypto won't say crypto - this is pretty funny, ya don't hear this much on our side of the puddle 
TLDR: not yet FORMALLY expressed, but Euro reghammerers are FURIOUS at the "total and utter incompetence" of their US pals??
Can you say "systemic moral risk". Sure you can we KNEW you could!!
Plus, this move is wiping out all the small banks, pushing the action to the big banks, even as THEY faceplant!!
Why? cause it is SO much easier for big gummint to control big banks to control YOU!! Who NEEDS cbdcs when they can just stop your withdrawals!
There's other big tradfi funnies going on. Gil explains how the vaunted "carry trade" is really a simplistic near scam. Borrow money where it is cheap and loan it where it is expensive. Except by definition the maturities are mis matched, often along with the currencies, and sooner or later, one fateful day, things go kerblooey and yer asking the Swiss gummint for a 60 billion dollar bailout ah HA HA HA HA HA !!!
Peace out, cryptonauts, we love ya!! & so does BTC!!
Please refer a pal!!
love,
Dave
